Major China funds close

By

Paul Hodkinson

May 28, 2010 4:12 p.m. GMT

Two major local funds in China are due to announce final closes on more than $1bn (€809m).

CDH Investments is to close its fourth fund on its target of $1.4bn, according to sources, making it the fifth-largest China-focused fundraising in the last four years. It will focus on growth equity investments in China. The sources added Asia-focused firm Saif Partners is set to announce a $1.25bn close. Saif did not respond to requests for comment and CDH was unavailable.